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80-s ~~'~4g To HAVE Axn To HoLn the same unto the Mortgagee, as herein provided. Mortgagor represents to, and covenants with, the ]4ortgagee, that the ilIortgagm• has good right to sell and convey said premises; that they are free from encumbrance, except as het•einothertrise rea~ited ;that the Mortgagor will warrant and defend the same against the la~rfui claims of all persons whomsoever. ltiortgagot• hereby relinquishes elf rights of homestead, all marital rights, either in la~v or in equity, and all other contingent interests of the Mortgagor in and to the above-described premises. PxovtiHs9 ALWAYS, and the_ce presents are executed and delivered upon the following conditions, to wit: Mortgagor agrees to laay to the Mortgagee, ur order, the aforesaid princil.>al sum with interest from date at the ra*.e of ten and one half per centum ¢0.5! o) per annum on the unpaid balance anti} paid. The said principal and interest shall be payable at the office of First Federal Savings and Loan Assoc au of T 'ncoln in Lincoln, Netraska , or at such other place as t~te lto~i er of ~ie note may designate. in writing delivered or mailed to the Mortgagor, in monthly installments of FQL~R HUNDRED TWENTY AND 7&/100 Dollars ($ b20.7S }, ronmtern ing on the first day of April , 19 8~ ,and continuing on the first day of each month thereafter until said note is fulls paid, except that, if not sooner paid, the 7ina1 payment of principal and interest shelf he due and l~.ayable on the first day of Diarch 1, 2Q1Q ;all according to the terms of a certain promissory note of even date herewiih executed by the said Mortgagor. The Mortgagor further agrees: 1. He will pay the iaxlebiedness, as Itereiubefore provided. Privilege is reserved to prepay at an}• time, without premium or fee, the entire indeUteclness or any part thereof not less than the amowtt of one installment, or one hundred dollars ($1(H}AO), ~rhichever is less. Prepayment in full shall be rtedited on the date received. Partial prepayment, other than an sn installment due data, need noL be credited until the neat following installment due date or thirty days after such prepayment, whichever is earlier. '.~.. Together azih, and in addition to, the monthly payments of principal and interest payable under the tzrats of the note seeumd hereby, ]lortgagor will gay to Mortgagee, as trustee, (under the terms of this trust as hereinafter stated) on the first day of each month until said note is fully paid {a) ?\ sum equal to the ground rents, if a:tr, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering 'the mortgaged property, plus faces and :t_sse,sments next due an the mortgaged property (all as' estimated by theJfort- gagee, and of which the hiortgagx~r is notincd) less all sums already paid therefor divided by the number of mantras to elapse before ono month prior to the date when such ground rents, premiums. reties and assessm,~nts n-ill be iY~me delinquent, such sums to be held 6y Mortgagee in trust to p.y said groun~ rent,, premiums, faxes and speeial assessments. (tr) The aggregate of the amounts parable pntsuant to subparagraph ;at and these payable on the note secur«f beech>-, shall bc: paid in a single pa>°ment each month, to be at,plied to the follon•- ingitems lathe order stated (.) ground rents, faces, ass,.enunts, fire and other bossed insmanre premiums; t rI) interest on the note secured hernbr ;and (nt} atnortixtion i~f the principal of said note. 3nv d!•firi~nry itt the antc~unt of ;utv sac-h aggregate monthly poi°ment shall. unless made good by the Martgagor prior Lo dte due date of the nerit sorb payment, constitute an event of default under #lais martga~ge, At MurtbTagee's option, Mortgagor will pay a "late charge" na# exceed- ing four per ~-entum 1 A f) of any install mint when paid more than fifteen (IS} days after the due date thereof to trover the extra exptrtse ins°ulved in handling delinouent payments, but such "}ate rharg`e" shall oat be payable nut of the grac°~c•~ls of arir sale made to satisfy the indebted- ness s~ur~l hereby, unlea--- such grt~~~Kls err aufTieient to iisehargz the entirn indebtedness and alt proper casts and expenses sc~ need thzr~ehy. 3. If the fatal of d~ patpments made by the Marttymgor under (a} of paragraph ?preceding shall exceed t7se amount of payments actually made by the Mart,gagee, as Trustee, for ground rents, taxes and sacs or insuraace prezniuaur, as the case may be, such excess shall be reedited by the Mortgagee oa salraeQaant papsnenfa to be made by the Mortgsigar for such items ar, at Mortgagee's option, as trustee, shag be teifvarded to 2dortgagar. If, however, sorb taontttly pa}~rrenta shall nut tx sufficient to pay sorb it~ra a~sa flee snare shall become due and payable, then tree .'~irrtgagar shall pay to the Mortgagee, as trustee, aqy amount neoeasary to make up the deficiency within shirty (30l days after written notice from flee Mortgagee atati~ the amount of tree deficiency, which notice may lee given by mail. If at any time fix Mor(ga~ abaft tender' to the Mortgagee, in actvrdanre u°ith the pravisiotrs of the note secured herd, furl p~ayareat of the entire indebtedae~aa represented thereby, the Mortgagee, as truster. shall, in fag tree amount of sudr indebteda~s, ereatit to ttte aerannt of fire Martgagor any credit balance ttxt varha the pravisi~ of (a) of paragraph 2 hereof. If there shall be a default under any of t~ pmvisiona of this mortgage resulting is a public sale of flee premises covered hereby, ar if the Mart,~agge acquired the property atberw sae after default, the Mortgagee, as trustee, shall apply, at the tams cif the went of such pr~aceedingd, or at the time the property is otherwise acquired, the aaf~nt then temaini~ to credit ~e Mortgagor under (aj of paragraph 2 preceding, as a credit on the intet~edt accrued and unpaid and the balance to the principal then re¢rainitrg unpaid on said nate• 4. 'The lien of this inatr+.m~nt shall remain in foil forte and effect during any postponement ar exten- of the tip of ps~ymeut of t#e indebtedness ur any part thereof secured hereby. 5. Ile M1eiit ~y au ground rents, taxes, asaeasmertts, water rated, and other governmental ar muni~i- pal charges, fines, ar unp~itions, levied upor. said pttmises and that he will gay all taxes levied upon this nrar~age ar the debt secured ttrereby, together with any other taxes or assessments which may be levied usd~rthelawatti'Nebzasltaagainstthe Mortgagae,tsr the legal holder of said principal x+ote, on account of this r extxpt when payment for all such items has theretofore been made under (a) of para- gtaph 2 trerrof, and ate will prmaptly deliver the otiicial receipts therefor to the ;Eior#gagee. In default thereof t#te Mortgagee may pay the same.